The insultingly simple secret of successful traders

No trader gets it right every time, says John C Burford. That's why you must always have a plan in place for when your trades don't work out.

Yesterday was one of those days when the markets behave just how you expect them to.

The Dow was as close to a perfect example of my trading methods as I was likely to find. So I broke out the video camera and used it for the basis of a new video tutorial for Trading for Profit Academy members.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.